All 1 Richard Fuller contributions to the Nuclear Energy (Financing) Act 2022

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Wed 3rd Nov 2021
Nuclear Energy (Financing) Bill
Commons Chamber
2nd reading & 2nd reading

Nuclear Energy (Financing) Bill Debate

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Department: Department for Business, Energy and Industrial Strategy

Richard Fuller

Main Page: Richard Fuller (Conservative - North Bedfordshire)

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Nuclear Energy (Financing) Bill

Richard Fuller Excerpts
2nd reading
Wednesday 3rd November 2021

(3 years ago)

Commons Chamber
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I will make a little more progress.

RAB is a tried and tested method that has successfully financed other large UK infrastructure projects. The introduction of a special administration regime will prioritise the plant’s opening and continuing to operate in the unlikely event of a project company’s insolvency. That will protect consumers’ investment in the plant and ensure that they realise the plant’s benefit. Members should know that this legislation is not specific to one project, as I have already said, and could be applied to nuclear projects across Great Britain.

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